Bullboard - Stock Discussion Forum Charlotte's Web Holdings Inc T.CWEB

Alternate Symbol(s): CWBHF

Healthcare Cannabis

Charlotte's Web Holdings, Inc. (Charlotte’s) is engaged in providing hemp extract wellness products under a family of brands which includes Charlotte’s Web, CBD Medic, CBD Clinic, and Harmony Hemp. Charlotte’s Web branded products start with its hemp genetics that are 100% North American farm grown and manufactured into hemp extracts containing naturally occurring phytocannabinoids, including... see more

Add To Watchlist

TSX:CWEB - Post Discussion

Charlotte's Web Holdings Inc > BAT investment in CWEB is a very positive for the company

View:

Post by Don773 on Nov 15, 2022 10:20am

BAT investment in CWEB is a very positive for the company

British American Tabacco (BAT) investment is a very positive for Charlotte's Web. It provides funds to assure company survival and growth and this is what we need at this time. Let's not forget that BAT invested in Organigram. This may result in the business combination between companies and should be positive for shareholders. I have pasted summary of the deal.

GLTA longs!
Don

"Charlotte’s Web (CWEB) has secured a US$56.8M investment from British American Tobacco (BAT)
The seven-year debenture is convertible into a 19.9 per cent ownership stake and carries an annual interest rate of 5 per cent
The company will use the proceeds to enhance its research and development capabilities
Charlotte’s Web Holdings is a market leader in innovative hemp extract wellness products
Charlotte’s Web (CWEB) is up by 10.34 per cent, trading at $0.96 per share"

657